Favorable conditions support growth in Turkish non-life insurance market

July 14, 2025

TurkeyAccording to Fitch Ratings, Turkish non-life insurers are expected to benefit from improved operating performance and stronger pricing in 2025.

Declining inflation and high interest rates are among the factors underpinning the sector's earnings and resilience, despite the persistent risks associated with economic volatility and the challenges of motor liability insurance.

As of the end of May 2025, inflation in Turkey dropped to 35%, its lowest level since 2021, compared with 44% in 2024.

The market's overall turnover increased by 73% in 2024, driven primarily by health, motor, and property insurance lines.


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